According to the announcement, Sheehan will join
the staff in October to guide its corporate governance
program to a higher level of activism. She will provide
key support to the CalSTRS board in the continuing
pursuit of the highest standards of governance practices
by portfolio companies.

Sheehan’s initial areas of focus will include
better carbon emission reporting by portfolio companies
and increased diversity on corporate boards. She will
also lead CalSTRS’ Workplan Program that seeks to turn
around underperforming holdings through adoption of good
corporate governance, the announcement said.

In addition, Sheehan will guide the day-to-day
activities of a staff of eight responsible for the
oversight of an activist investment management portfolio
of $3 billion and execution of approximately 8,000 proxy
votes annually.

“Anne will ‘up the ante’ built by our excellent
corporate governance team,” Chief Investment Officer
Christopher J. Ailman said in the announcement. “Under
Anne’s leadership, CalSTRS will continue as a strong and
effective advocate for the best corporate citizenship
practices.”